United Renewable (Taiwan) Price on July 28, 2023
3576 Stock | TWD 10.70 0.10 0.94% |
If you're considering investing in United Stock, it is important to understand the factors that can impact its price. As of today, the current price of United Renewable stands at 10.70, as last reported on the 28th of November, with the highest price reaching 10.70 and the lowest price hitting 10.40 during the day. United Renewable Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0832, which indicates the firm had a -0.0832% return per unit of risk over the last 3 months. United Renewable Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Renewable's Variance of 3.98, coefficient of variation of (2,204), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
United Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
United |
Sharpe Ratio = -0.0832
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | 3576 |
Estimated Market Risk
1.99 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average United Renewable is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of United Renewable by adding United Renewable to a well-diversified portfolio.
United Renewable Valuation on July 28, 2023
It is possible to determine the worth of United Renewable on a given historical date. On July 28, 2023 United was worth 18.05 at the beginning of the trading date compared to the closed value of 17.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of United Renewable stock. Still, in general, we apply an absolute valuation method to find United Renewable's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of United Renewable where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against United Renewable's related companies.
Open | High | Low | Close | Volume | |
17.95 | 18.10 | 17.90 | 18.00 | 4,351,200 | |
07/28/2023 | 18.05 | 18.10 | 17.90 | 17.90 | 3,045,945 |
18.00 | 18.00 | 17.75 | 17.80 | 4,443,310 |
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United Renewable Trading Date Momentum on July 28, 2023
On July 31 2023 United Renewable Energy was traded for 17.80 at the closing time. The highest price during the trading period was 18.00 and the lowest recorded bid was listed for 17.75 . The volume for the day was 4.4 M. This history from July 31, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.56% . The trading price change to the current price is 3.35% . |
United Renewable Energy Fundamentals Correlations and Trends
By evaluating United Renewable's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among United Renewable's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. United financial account trend analysis is a perfect complement when working with valuation or volatility modules.About United Renewable Stock history
United Renewable investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for United is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in United Renewable Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing United Renewable stock prices may prove useful in developing a viable investing in United Renewable
United Renewable Energy Co., Ltd. engages in the research, design, development, manufacture, and sale of solar cells, solar cell modules, and wafers in Taiwan, China, Germany, the United States, Mexico, the United Arab Emirates, and internationally. The company was founded in 2005 and is based in Hsinchu, Taiwan. UNITED RENEWABLE operates under Solar classification in Taiwan and is traded on Taiwan Stock Exchange.
United Renewable Stock Technical Analysis
United Renewable technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
United Renewable Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
United Renewable Energy cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
United Renewable November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how United Renewable stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading United Renewable shares will generate the highest return on investment. By undertsting and applying United Renewable stock market strength indicators, traders can identify United Renewable Energy entry and exit signals to maximize returns
United Renewable Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for United Renewable's price direction in advance. Along with the technical and fundamental analysis of United Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of United to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.41) | |||
Treynor Ratio | 1.12 |
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Additional Tools for United Stock Analysis
When running United Renewable's price analysis, check to measure United Renewable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United Renewable is operating at the current time. Most of United Renewable's value examination focuses on studying past and present price action to predict the probability of United Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Renewable's price. Additionally, you may evaluate how the addition of United Renewable to your portfolios can decrease your overall portfolio volatility.